Who wants to be a millionaire? Forget the game show. Ask the rich how they got their millions. Did they inherit it? 80% say no, they earned it through jobs, business and investing (US Trust survey reported in Money Mag). Did they buy hedge funds? Mostly no. 90% report that buying and holding basic stocks and bonds is the source of their success. Did they roll the dice and take big risks? No, they mostly played it safe. Living within your means, saving money every month and investing over the decades is how you get there. Or maybe you CAN win it on a game show.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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